I don’t know… why is medical care so expensive in the first place? Why are teachers wages so low? Why is there such a huge wealth disparity?
Seems like these are systematic problems which need to be solved with a full system restructuring rather than throwing money at it. Not to dunk on Bernie, but If I were American, I’d be hoping for more concrete solutions.
5% tax sounds nice (imo, its no where near nice enough lol) but what are we taxing here exactly? Billionaires don’t actually have any money. There’s a systematic problem to solve right there… how can people be filthy rich, yet have no actual money to tax?
Like this, a very ‘American idea’ to me is ‘student loan forgiveness’. You borrow money from a bank (for profit institution), you pay it to get educated at a university (for profit institution) and get the loan forgiven by the government (tax payers). Systematic problem. Just make universities public and they get funded by the tax payers directly.
5% tax sounds nice (imo, its no where near nice enough lol) but what are we taxing here exactly? Billionaires don’t actually have any money. There’s a systematic problem to solve right there… how can people be filthy rich, yet have no actual money to tax?
I believe most of billionaire’s wealth are in intangible assets like stocks. Then I hear billionaires and their bootlickers defend themselves, by reasoning that the government can’t tax those intangibles unless the investors sell the shares and cash in on the gains. However, Ireland already tax those with unrealised gains from investment funds every eight years. There is no reason for other countries not to follow suit.
Yeah the underlying problems have to do with market power granted by certain laws and the systemic prevention of competition. In land markets there’s massive amounts of money going into keeping us from building more housing so that owners in scarce locations can stay rich. Land value taxes would solve that.
I don’t know… why is medical care so expensive in the first place? Why are teachers wages so low? Why is there such a huge wealth disparity?
Seems like these are systematic problems which need to be solved with a full system restructuring rather than throwing money at it. Not to dunk on Bernie, but If I were American, I’d be hoping for more concrete solutions.
5% tax sounds nice (imo, its no where near nice enough lol) but what are we taxing here exactly? Billionaires don’t actually have any money. There’s a systematic problem to solve right there… how can people be filthy rich, yet have no actual money to tax?
Like this, a very ‘American idea’ to me is ‘student loan forgiveness’. You borrow money from a bank (for profit institution), you pay it to get educated at a university (for profit institution) and get the loan forgiven by the government (tax payers). Systematic problem. Just make universities public and they get funded by the tax payers directly.
Feels like a band aid on a dismembered limb imo…
I believe most of billionaire’s wealth are in intangible assets like stocks. Then I hear billionaires and their bootlickers defend themselves, by reasoning that the government can’t tax those intangibles unless the investors sell the shares and cash in on the gains. However, Ireland already tax those with unrealised gains from investment funds every eight years. There is no reason for other countries not to follow suit.
I get your misgivings but… Changing it for the better has gotta start somewhere.
Even this idea is way too “progressive” to have any chance of coming to pass
Yeah the underlying problems have to do with market power granted by certain laws and the systemic prevention of competition. In land markets there’s massive amounts of money going into keeping us from building more housing so that owners in scarce locations can stay rich. Land value taxes would solve that.